The primary goal of supply-side economics is to
A. balance the federal budget.
B. reduce the balance of payments deficit.
C. reduce the money supply.
D. reduce inflation and increase growth at the same time.
Answer: D
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Contractionary monetary policy should initially change gross investment by ________.
A. enough to reach full employment B. more than necessary to reach full employment C. an amount determined by the money multiplier D. less than necessary to reach full employment
Suppose you own a store that sells computers. You have determined that the demand function for your computers is Qd = D(P) = 900 - 3P. At what price would you sell the computers if you wanted to sell 60 of them?
A. $250 B. $275 C. $280 D. $300
Refer to Figure 8.1. Which graph best represents a total cost function?
A. A
B. B
C. C
D. D
Expansionary fiscal policy normally lowers interest rates
a. True b. False Indicate whether the statement is true or false